3decades

MIRA INFORM REPORT

Report No. :	483236
Report Date :	04.01.2018

IDENTIFICATION DETAILS

Name :	TEJIDOS SIVILA SA

Registered Office :	Motors 272-282 Plind Gran Vía Sur - Barcelona - 08038 - Barcelona

Country :	Spain

Financials (as on) :	2016

Date of Incorporation :	13.02.1981

Legal Form :	Public company

Line of Business :	Wholesale of textiles

No. of Employees :	Not available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Slow

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Spain

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

SPAIN - ECONOMIC OVERVIEW

After experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2016 Spain marked the third full year of positive economic growth in nine years, largely due to increased private consumption. At the onset of the financial crisis, Spain's GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In that year, the government successfully shored up struggling banks - exposed to the collapse of Spain's depressed real estate and construction sectors - and in January 2014 completed an EU-funded restructuring and recapitalization program for its financial sector.

Until 2014, credit contraction in the private sector, fiscal austerity, and high unemployment weighed on domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 19.7% in 2016. High unemployment has strained Spain's public finances, as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2010, but Spain gradually reduced the deficit to about 5% of GDP in 2015, and 4.1% of GDP in 2016. Public debt has increased substantially – from 60.1% of GDP in 2010 to nearly 99.5% in 2016.

Exports were resilient throughout the economic downturn and helped to bring Spain's current account into surplus in 2013 for the first time since 1986, where it remained through 2016. Rising labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have helped to improve foreign investor interest in the economy and positive FDI flows have been restored.

Political gridlock after the national elections in December 2015 and June 2016 and ensuing government formation process constrained the caretaker government’s ability to implement needed labor, pension, health care, tax, and education reforms— in 2016. The European Commission criticized Spain’s 2016 budget for easing austerity measures and for its alleged overly optimistic growth and deficit projections. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and despite the recent uptick in economic activity, inflation has dropped sharply, from 1.5% in 2013 to a negative 0.3% in 2016.

Source : CIA

EXECUTIVE SUMMARY

Name:

TEJIDOS SIVILA SA

NIF / Fiscal code:

A08675522

Status:

ACTIVE

Incorporation Date:

13/02/1981

Register Data

Last Publication in BORME:

23/11/2015 [Appointments]

Last Published Account Deposit:

2016

Share Capital:

180.303,63

Localization:

MOTORS 272-282 PLIND GRAN VÍA SUR - BARCELONA - 08038 - BARCELONA

Telephone - Fax - Email - Website:

Telephone. 932 898 890 - 932 238 697 Email. sivila@sivila.com - martasivila@sivila.com Website. www.sivila.com

Activity:

NACE:

4641 - Wholesale of textiles

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

Subsidies:

0 for a total cost of 0

Quality Certificate:

Payment Behaviour:

slow

Prospects:

Product / service improvement

Industry situation:

Maturity

Defaults, Legal Claims and Insolvency Proceedings :

Number

Amount (€)

Most Recent Entry

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Defaults on debt with Financial Institutions and Large Companies

None

---

Judicial Claims (Notices, Executive Proceedings, Attachments, Auctions, Bad Debt)

None

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Partners:

JUAN SIVILA COSTA

Enquiry Details

Business address regime:

Owned

Identification

Social Denomination:

TEJIDOS SIVILA SA

NIF / Fiscal code:

A08675522

Corporate Status:

ACTIVE

Start of activity:

1966

Registered Office:

MOTORS 272-282 PLIND GRAN VÍA SUR

Locality:

BARCELONA

Province:

BARCELONA

Postal Code:

08038

Telephone:

932 898 890 - 932 238 697

Fax:

932 895 227

Website:

www.sivila.com

Email:

sivila@sivila.com - martasivila@sivila.com

Interviewed Person:

MARTA SIVILA

Branch Offices

Activity

NACE:

4641

Additional Information:

Background The subject was incorporated in 1950 by Juan Sivila Comas (ID 37070116G). The subject was given to the current owner at the moment if its incorporation. Activity Wholesale trade and distribution of textiles, both in cotton and polyester, aimed for tailoring, work clothes, childcare and sport clothes mainly.

Import / export:

IMPORTS / EXPORTS

Future Perspective:

Product / service improvement

Industry situation:

Maturity

Chronological Summary

Year

Act

1990

Accounts deposit (year 1989)

1991

Accounts deposit (year 1990) Appointments/ Re-elections (3)

1992

Accounts deposit (year 1991)

1993

Accounts deposit (year 1992) Adaptation to Law (1) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (2) Statutory Modifications (1)

1994

Accounts deposit (year 1993)

1995

Accounts deposit (year 1994) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1)

1996

Accounts deposit (year 1995) Appointments/ Re-elections (1)

1997

Accounts deposit (year 1996)

1998

Appointments/ Re-elections (3)

1999

Accounts deposit (year 1997, 1998) Appointments/ Re-elections (1)

2000

Accounts deposit (year 1999) Appointments/ Re-elections (1) Change of Social address (2) Statutory Modifications (1)

2001

Accounts deposit (year 2000) Appointments/ Re-elections (1)

2002

Accounts deposit (year 2001) Appointments/ Re-elections (1)

2003

Accounts deposit (year 2002) Appointments/ Re-elections (1)

2004

Accounts deposit (year 2003) Appointments/ Re-elections (2)

2005

Accounts deposit (year 2004) Appointments/ Re-elections (1)

2006

Appointments/ Re-elections (2)

2007

Accounts deposit (year 2005) Appointments/ Re-elections (1)

2008

Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1)

2009

Accounts deposit (year 2006, 2007) Appointments/ Re-elections (1)

2010

Accounts deposit (year 2008)

2011

Accounts deposit (year 2009, 2010)

2012

Appointments/ Re-elections (1) Board Meeting (1)

2013

Accounts deposit (year 2011) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (1) Statutory Modifications (1)

2014

Accounts deposit (year 2012, 2013)

2015

Accounts deposit (year 2014) Appointments/ Re-elections (1)

2016

Accounts deposit (year 2015)

2017

Accounts deposit (year 2016)

Breakdown of Owners' Equity

Registered Capital:

180.303,63

Paid up capital:

180.303,63

Shareholders

Name	NIF	% Shareholding stake

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

SINGLE ADMINISTRATOR

SIVILA COSTA JUAN

17/12/2013

PROXY

SIVILA VIÑAS MARTA

08/05/2006

SIVILA VIÑAS ORIOL

08/05/2006

RODRIGUEZ BUENO RAQUEL

08/05/1996

ACCOUNTS' AUDITOR / HOLDER

PLETA AUDITORES SLP

13/11/2015

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

GABINETE TECNICO DE AUDITORA Y CONSULTORIA SA

ACCOUNTS' AUDITOR / HOLDER

19/01/1995

GRAELLS MARTI RAMON

ACCOUNTS' AUDITOR / HOLDER

10/09/1991

PLETA AUDITORES SA

ACCOUNTS' AUDITOR / HOLDER

02/12/1998

ACCOUNTS' AUDITOR / HOLDER

29/12/1998

ACCOUNTS' AUDITOR / HOLDER

21/12/1999

ACCOUNTS' AUDITOR / HOLDER

27/11/2000

ACCOUNTS' AUDITOR / HOLDER

31/12/2001

ACCOUNTS' AUDITOR / HOLDER

22/11/2002

ACCOUNTS' AUDITOR / HOLDER

25/11/2003

ACCOUNTS' AUDITOR / HOLDER

07/10/2004

ACCOUNTS' AUDITOR / HOLDER

08/11/2005

ACCOUNTS' AUDITOR / HOLDER

02/10/2006

ACCOUNTS' AUDITOR / HOLDER

05/12/2012

PLETA AUDITORES SL

ACCOUNTS' AUDITOR / HOLDER

27/12/2007

ACCOUNTS' AUDITOR / HOLDER

13/11/2009

PLETA AUDITORES SLP

ACCOUNTS' AUDITOR / HOLDER

13/11/2015

ROS MIRO CARLOS

DEPUTY ACCOUNTS' AUDITOR

10/09/1991

SIVILA COMAS JUAN

JOINT MANAGER

10/12/2008

JOINT MANAGER

10/12/2008

ADMINISTRATOR

08/07/1993

ADMINISTRATOR

02/11/1998

ADMINISTRATOR

30/09/2004

SIVILA COSTA JORGE

ADMINISTRATOR

19/04/1993

ADMINISTRATOR

08/07/1993

SIVILA COSTA JUAN

SINGLE ADMINISTRATOR

17/12/2013

JOINT MANAGER

10/12/2008

ADMINISTRATOR

08/07/1993

ADMINISTRATOR

02/11/1998

ADMINISTRATOR

30/09/2004

Executive board

Post

NIF

Name

GENERAL MANAGER

JUAN SIVILA COSTA

FINANCIAL MANAGER

MARTA SIVILA VIÑAS

Defaults, Legal Claims and Insolvency Proceedings

Section enabling assessment of the degree of compliance of the company queried with its payment obligations. It provides information on the existence and nature of all stages of Insolvency and Legal Proceedings published with reference to the Company in the country's various Official Bulletins and national newspapers, as well Defaults Registered in the main national credit bureaus (ASNEF Industrial and RAI ).

Chronological summary

Number of Publications

Amount (€)

Start date

End date

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Request/Declaration

---

date

Proceedings

---

Resolution

---

Defaults on debt with Financial Institutions and Large Companies

Bank and Commercial Delinquency

None

Status: Friendly

---

Status: Pre-Litigation

---

Status: Litigation

---

Status: Non-performing

---

Status: insolvency proceedings, bankruptcy and suspension of payments

---

Other status

---

Legal and Administrative Proceedings

Unpublished

---

Notices of defaults and enforcement

---

Seizures

---

Auctions

---

Declarations of insolvency and bad debt

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

Unpublished

---

Basis for scoring

Positive Factors

Adverse Factors

No judicial claims have been detected in the Official Gazettes, regarding any Entity's outstanding debts with the Tax Bureau or Social Security administrations, as submitted by Courts of the various court jurisdictions.

No irregular payment performance has been detected based on information obtained from credit bureaus.

The current debt represents a 17.93of the financial structure. In principle, a decrease in this ratio would indicate an improvement in the short-term financial situation.

TEJIDOS SIVILA SA obtains economic profitability from the necessary investments in the development of its activity in comparison with its assets.

It has financial profitability.. TEJIDOS SIVILA SA obtains financial return as a consequence of an investment in its own resources which, a priori, might improve its financial and economic situation.

Probability of default

> Estimated Probability of Default for the next 12 months: 0.212 %

> Latest Scoring Changes:

Sector in which comparison is carried out:

464 Wholesale of household goods

wordml://2278

Relative Position:

Credit quality is superior to that of other companies in the same sector.

The company's comparative analysis with the rest of the companies that comprise the sector, shows the company holds a better position with regard to the probability of non-compliance.

The 99.00% of the companies of the sector TEJIDOS SIVILA SA belongs to show a higher probability of non-compliance.

The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 0,212%.

In the event they fail to comply with the payment, the seriousness of the loss will depend on factors such as the promptness of the commencement of the charging management, the existence of executive documents which match the credit or the existence of guarantees and free debt assets under the name of the debtor. Therefore, the probability of non-compliance should not be solely interpreted as the total loss of the owed amount.

Result of query submitted to the R.A.I. (Spanish Bad Debt Register) on

LEGAL CLAIMS

Summary of Judicial Claims

PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY PROTECTION

Legal Proceedings (Bankruptcy Law 22/2003)

Not published

Quiebras y Suspensiones de Pagos (anterior legislación concursal)

Not published

INCIDENCES WITH THE PUBLIC ADMINISTRATIONS

Incidences with the Tax Agency

Not published

Incidences with the Social Security

Not published

Incidences with the Autonomous Administration

Not published

Incidences with the Local Administration

Not published

PROCEDURES BEFORE COURTS OF CIVIL MATTERS

Procedures by the Civil Procedural Law 1/2000

Not published

Proceedings by the old Civil Procedural Law 1.881

Not published

PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

Proceedings before the Industrial Tribunal

Not published

Guarantees

References

Link List

IS RELATED WITH:

1 Entities

SHAREHOLDERS:

1 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

JUAN SIVILA COSTA

> Other relationships

Relationship

Entity

Province

Shareholding stake

IS RELATED WITH

SILTEX SL

BARCELONA

Turnover

Total Sales

11.145.438,71

The sales data is from the latest available financial statements. Failing that, are estimates data calculated by statistical methods.

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2016

Normales

October 2017

2015

Normales

October 2016

2014

Normales

December 2015

2013

Normales

September 2014

2012

Normales

January 2014

2011

Normales

June 2013

2010

Normales

October 2011

2009

Normales

December 2010

2008

Normales

January 2010

2007

Normales

December 2008

2006

Normales

December 2008

2005

Normales

October 2006

2004

Normales

October 2005

2003

Normales

October 2004

2002

Normales

July 2003

2001

Normales

September 2002

2000

Normales

August 2001

1999

Normales

September 2000

1998

Normales

July 1999

1997

Normales

December 1998

1996

Normales

August 1997

1995

Normales

July 1996

1994

Normales

July 1995

1993

Normales

August 1994

1992

Normales

August 1993

1991

Normales

July 1992

1990

Normales

September 1991

1989

Normales

July 1990

The data in the report regarding the last Company Accounts submitted by the company is taken from the TRADE REGISTER serving the region in which the company's address is located 31/12/2016

> Balance en formato Mixto de acuerdo al Nuevo Plan General Contable 2007

Information corresponding to the fiscal year 2016 2015 2014 2013 2012 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2016 2015 2014 2013 2012 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria. To view details on the methodology.

ORIGINAL

Assets

2016

2015

2014

2013

2012

A) NON-CURRENT ASSETS: 11000

1.115.050,00

1.218.910,00

1.101.394,00

1.174.920,00

1.238.082,00

I. Intangible fixed assets : 11100

0,00

424,00

1. Development: 11110

0,00

2. Concessions: 11120

0,00

3. Patents, licencing, trade marks and similar: 11130

0,00

4. Goodwill: 11140

0,00

5. IT applications: 11150

0,00

424,00

6. Investigation: 11160

0,00

7. Intellectual property: 11180

0,00

8. Greenhouse gas emission allowance: 11190

0,00

9. Other intangible fixed assets. : 11170

0,00

II. Tangible fixed assets : 11200

557.935,00

550.768,00

585.776,00

634.642,00

679.847,00

1. Land and buildings: 11210

519.418,00

530.550,00

563.201,00

595.851,00

628.502,00

2. Technical installations and other tangible fixed assets: 11220

38.516,00

20.218,00

22.575,00

38.790,00

51.345,00

3. Tangible asset in progress and advances: 11230

0,00

III. Real estate investment: 11300

55.176,00

18.030,00

20.194,00

22.358,00

24.521,00

1. Land: 11310

52.413,00

0,00

2. Buildings: 11320

2.764,00

18.030,00

20.194,00

22.358,00

24.521,00

IV. Long-term investments in Group companies and associates : 11400

0,00

1. Equity instruments: 11410

0,00

2. Credits to businesses: 11420

0,00

3. Debt securities: 11430

0,00

4. Derivatives : 11440

0,00

5. Other financial assets : 11450

0,00

6. Other investments: 11460

0,00

V. Long-term financial investments: 11500

501.939,00

650.111,00

495.425,00

517.921,00

533.290,00

1. Equity instruments: 11510

0,00

2. Credits to third parties : 11520

478.081,00

623.347,00

468.661,00

491.157,00

506.526,00

3. Debt securities: 11530

0,00

4. Derivatives : 11540

0,00

5. Other financial assets : 11550

23.858,00

26.764,00

6. Other investments: 11560

0,00

VII. Non-current trade debts : 11700

0,00

VI. Assets for deferred tax : 11600

0,00

B) CURRENT ASSETS: 12000

11.033.335,00

10.978.468,00

9.856.168,00

9.385.855,00

8.452.653,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

1.914.026,00

2.453.528,00

2.106.770,00

2.171.694,00

2.211.918,00

1. Commercial: 12210

1.914.026,00

2.355.598,00

2.106.770,00

2.171.694,00

2.211.918,00

2. Primary material and other supplies: 12220

0,00

a) Long-term primary material and other supplies: 12221

0,00

b) Short-term primary material and other supplies: 12222

0,00

3. Work in progress: 12230

0,00

a) Of long-term production cycle : 12231

0,00

b) Of short-term production cycle : 12232

0,00

4. Finished goods: 12240

0,00

a) Of long-term production cycle : 12241

0,00

b) Of short-term production cycle : 12242

0,00

5. By-products, residues and recycled materials: 12250

0,00

6. Advances to suppliers: 12260

0,00

97.930,00

0,00

III. Trade debtors and others receivable accounts: 12300

3.390.912,00

3.860.768,00

3.382.213,00

3.072.629,00

2.678.067,00

1. Trade debtors / accounts receivable: 12310

3.302.003,00

2.531.666,00

2.429.188,00

2.777.062,00

2.677.073,00

a) Long-term receivables from sales and services supplied : 12311

0,00

b) Customers for sales and provisions of services : 12312

3.302.003,00

2.531.666,00

2.429.188,00

2.777.062,00

2.677.073,00

2. Customers, Group companies and associates : 12320

0,00

3. Other accounts receivable: 12330

10,00

1.261.406,00

857.682,00

290.130,00

1.794,00

4. Personnel: 12340

0,00

-431,00

-800,00

5. Assets for deferred tax: 12350

0,00

6. Other debtors, including tax and social security: 12360

88.899,00

67.697,00

95.343,00

5.868,00

0,00

7. Called up share capital: 12370

0,00

IV. Short-term investments in Group companies and associates: 12400

0,00

1. Equity instruments: 12410

0,00

2. Credits to businesses: 12420

0,00

3. Debt securities: 12430

0,00

4. Derivatives : 12440

0,00

5. Other financial assets : 12450

0,00

6. Other investments: 12460

0,00

V. Short-term financial investments : 12500

1.915.893,00

1.806.627,00

2.417.000,00

2.660.322,00

2.488.388,00

1. Equity instruments: 12510

1.690.893,00

0,00

2. Credits to businesses: 12520

0,00

3. Debt securities: 12530

0,00

4. Derivatives : 12540

0,00

5. Other financial assets : 12550

225.000,00

1.806.627,00

2.417.000,00

2.660.322,00

2.488.388,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

0,00

-92.589,00

-50.247,00

-7.404,00

VII. Cash and other equivalent liquid assets : 12700

3.812.504,00

2.857.545,00

2.042.775,00

1.531.456,00

1.081.683,00

1. Treasury: 12710

3.812.504,00

2.857.545,00

2.042.775,00

1.531.456,00

1.081.683,00

2. Other equivalent liquid assets: 12720

0,00

TOTAL ASSETS (A + B) : 10000

12.148.385,00

12.197.378,00

10.957.563,00

10.560.775,00

9.690.734,00

ORIGINAL

Liabilities and Net Worth

2016

2015

2014

2013

2012

A) NET WORTH: 20000

9.948.245,00

9.208.422,00

8.839.205,00

8.503.107,00

8.264.220,00

A-1) Shareholders' equity: 21000

9.948.245,00

9.208.422,00

8.839.205,00

8.503.107,00

8.264.220,00

I. Capital: 21100

180.304,00

1. Registered capital : 21110

180.304,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

9.086.514,00

8.658.901,00

8.322.804,00

8.083.916,00

7.863.300,00

1. Legal and statutory: 21310

36.061,00

2. Other reserves: 21320

9.050.454,00

8.622.840,00

8.286.743,00

8.047.855,00

7.827.240,00

3. Revaluation reserves: 21330

0,00

2. Capitalisation Reserves: 21350

0,00

IV. (Common stock equity): 21400

0,00

V. Results from previous periods: 21500

0,00

1. Brought forward: 21510

0,00

2. (Negative results from previous periods): 21520

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

681.427,00

369.217,00

336.097,00

238.888,00

220.615,00

VIII. (Interim dividend): 21800

0,00

IX. Other net worth instruments: 21900

0,00

A-2) Adjustments due to changes in value: 22000

0,00

I. Financial assets held for sale: 22100

0,00

II. Hedge operations: 22200

0,00

III. Linked non-current assets and liabilities held for sale : 22300

0,00

IV. Exchange rate difference: 22400

0,00

V. Other: 22500

0,00

A-3) Received subsidies, donations and legacies: 23000

0,00

B) NON-CURRENT LIABILITIES: 31000

21.636,00

I. Long-term provisions: 31100

0,00

1. Long-term employee benefits liability: 31110

0,00

2. Environmental actions: 31120

0,00

3. Restructuring provisions: 31130

0,00

4. Other provisions: 31140

0,00

II Long-term creditors: 31200

21.636,00

1. Liabilities and other securities: 31210

0,00

2. Amounts owed to credit institutions: 31220

0,00

3. Creditors from financial leasing: 31230

0,00

4. Derivatives : 31240

0,00

5. Other financial liabilities : 31250

21.636,00

III. Long-term debts with Group companies and associates: 31300

0,00

IV. Liabilities for deferred tax: 31400

0,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

2.178.504,00

2.967.320,00

2.096.721,00

2.036.031,00

1.404.878,00

I. Liabilities linked to non-current assets held for sale: 32100

0,00

II. Short-term provisions: 32200

0,00

1. Provisions from greenhouse gas emission allowance: 32210

0,00

2. Other provisions: 32220

0,00

III. Short-term creditors : 32300

0,00

1.261.396,00

741.737,00

687.711,00

565.154,00

1. Liabilities and other securities: 32310

0,00

2. Amounts owed to credit institutions: 32320

0,00

1.261.396,00

741.737,00

687.711,00

565.154,00

3. Creditors from financial leasing: 32330

0,00

4. Derivatives : 32340

0,00

5. Other financial liabilities : 32350

0,00

IV. Short-term debts with Group companies and associates: 32400

0,00

V. Trade creditors and other accounts payable: 32500

2.178.504,00

1.705.924,00

1.354.985,00

1.348.320,00

839.724,00

1. Suppliers: 32510

1.918.311,00

1.511.192,00

1.217.514,00

1.259.240,00

701.518,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

1.918.311,00

1.511.192,00

1.217.514,00

1.259.240,00

701.518,00

2. Suppliers, Group companies and associates: 32520

0,00

3. Other creditors: 32530

36.664,00

38.135,00

36.826,00

31.357,00

25.702,00

4. Personnel (remuneration due): 32540

48.966,00

50.096,00

0,00

5. Liabilities for current tax: 32550

122.477,00

33.773,00

49.752,00

36.511,00

12.534,00

6. Other accounts payable to Public Administrations.: 32560

52.085,00

72.728,00

50.893,00

21.213,00

99.970,00

7. Advances from clients: 32570

0,00

VI. Short-term accruals: 32600

0,00

VII. Special short-term debts : 32700

0,00

TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000

12.148.385,00

12.197.378,00

10.957.563,00

10.560.775,00

9.690.734,00

ORIGINAL

Profit and Loss

2016

2015

2014

2013

2012

1. Net turnover: 40100

11.145.439,00

11.020.118,00

10.581.125,00

9.430.537,00

8.742.568,00

2. Changes in stocks of finished goods and work in progress: 40200

0,00

-15.883,00

4.144,00

2.568,00

19.867,00

3. Works carried out by the company for its assets: 40300

0,00

4. Supplies : 40400

-9.182.842,00

-9.201.916,00

-8.665.912,00

-7.778.338,00

-7.134.676,00

5. Other operating income: 40500

154.570,00

166.862,00

142.336,00

142.341,00

158.217,00

6. Personnel costs: 40600

-925.690,00

-955.207,00

-985.676,00

-968.014,00

-1.002.494,00

7. Other operating costs: 40700

-566.639,00

-624.415,00

-564.070,00

-538.242,00

-497.845,00

8. Amortisation of fixed assets: 40800

-40.566,00

-43.329,00

-49.188,00

-49.029,00

-49.873,00

9. Allocation of subsidies of non-financial fixed assets and other: 40900

0,00

10. Excess provisions : 41000

0,00

11. Impairment and result of transfers of fixed assets: 41100

0,00

12. Negative difference in combined businesses: 41200

0,00

13. Other results : 41300

56.958,00

-60.582,00

-4.593,00

-2.303,00

A) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) : 49100

641.228,00

285.649,00

458.166,00

237.229,00

233.462,00

14. Financial income : 41400

13.168,00

38.047,00

68.139,00

88.799,00

84.158,00

a) Allocation of financial subsidies, donations and legacies: 41430

0,00

b) Other financial income: 41490

13.168,00

38.047,00

68.139,00

88.799,00

84.158,00

15. Financial expenditure: 41500

-2.037,00

-16.141,00

-19.780,00

-18.602,00

-22.659,00

16. Changes in fair value of financial instruments : 41600

0,00

17. Exchange rate differences : 41700

246.349,00

180.334,00

-56.869,00

4.908,00

-14.670,00

18. Impairment and result for transfers of financial instruments: 41800

0,00

19. Other financial income and expenditure: 42100

0,00

a) Incorporation of financial expenditure to assets: 42110

0,00

b) Financial income from arrangement with creditors: 42120

0,00

c) Other income and expenditure: 42130

0,00

B) FINANCIAL REVENUE (14 + 15 + 16 + 17 + 18 + 19) : 49200

257.480,00

202.240,00

-8.511,00

75.104,00

46.829,00

C) NET RESULT BEFORE TAXES (A + B) : 49300

898.708,00

487.889,00

449.656,00

312.333,00

280.291,00

20. Income taxes: 41900

-217.281,00

-118.671,00

-113.558,00

-73.445,00

-59.676,00

D) RESULT OF THE PERIOD (C + 20) : 49500

681.427,00

369.217,00

336.097,00

238.888,00

220.615,00

> Normal Balance Sheet under the rules of the 1990 General Accounting Plan (repealed since 1st January of 2008)

Information corresponding to the fiscal year 2016 2015 2014 2013 2012 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria. To view details on the methodology 2016 2015 2014 2013 2012 is taken from information submitted to the TRADE REGISTER.

EQUIVALENCIA

ASSETS

2016

2015

2014

2013

2012

A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL:

0,00

B) FIXED ASSETS:

1.115.050,00

1.218.910,00

1.101.394,00

1.174.920,00

1.238.082,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

0,00

424,00

1. Research and development costs:

0,00

2. Concessions, patents, licences, trademarks et al.:

0,00

3. Goodwill:

0,00

4. Key money paid for premises:

0,00

5. Software:

0,00

424,00

6. Assets under capital leases:

0,00

7. Payments on account:

0,00

8. Provisions:

0,00

9. Accumulated depreciation:

0,00

III. Tangible fixed assets:

613.111,00

568.799,00

605.970,00

656.999,00

704.368,00

1. Land and construction:

574.595,00

548.581,00

583.395,00

618.209,00

653.023,00

2. Technical installations and machinery:

28.624,00

15.025,00

16.777,00

28.828,00

38.158,00

3. Other installations, tools and furniture:

1.100,00

577,00

645,00

1.108,00

1.466,00

4. Payments on account and tangible fixed assets under construction:

0,00

5. Other tangible assets:

8.792,00

4.615,00

5.153,00

8.855,00

11.721,00

6. Provisions:

0,00

7. Accumulated depreciation:

0,00

IV. Financial investments:

501.939,00

650.111,00

495.425,00

517.921,00

533.290,00

1. Equity investments in group companies:

0,00

2. Receivables from group companies:

0,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Long-term securities portfolio:

0,00

6. Other receivables:

478.081,00

623.347,00

468.661,00

491.157,00

506.526,00

7. Long term guarantees and deposits:

23.858,00

26.764,00

8. Provisions:

0,00

9. Long-term receivables from public bodies:

0,00

V. Own shares:

0,00

VI. Long-term trade receivables:

0,00

C) Deferred expenses:

0,00

D) CURRENT ASSETS:

11.033.335,00

10.978.468,00

9.856.168,00

9.385.855,00

8.452.653,00

I. Called-up share capital (not paid):

0,00

II. Stocks:

1.914.026,00

2.453.528,00

2.106.770,00

2.171.694,00

2.211.918,00

1. Goods for resale:

1.914.026,00

2.355.598,00

2.106.770,00

2.171.694,00

2.211.918,00

2. Raw materials and other consumables:

0,00

3. Goods in process and semifinished ones:

0,00

4. Finished products:

0,00

5. Byproducts, scrap and recovered materials:

0,00

6. Payments on account:

0,00

97.930,00

0,00

7. Provisions:

0,00

III. Debtors:

3.390.912,00

3.860.768,00

3.382.213,00

3.072.629,00

2.678.067,00

1. Trade debtors / accounts receivable:

3.302.003,00

2.531.666,00

2.429.188,00

2.777.062,00

2.677.073,00

2. Accounts receivable, Group companies:

0,00

3. Accounts receivable, associated companies:

0,00

4. Other debtors:

10,00

1.261.406,00

857.682,00

290.130,00

1.794,00

5. Staff:

0,00

-431,00

-800,00

6. Public bodies:

88.899,00

67.697,00

95.343,00

5.868,00

0,00

7. Provisions:

0,00

IV. Short-term investments:

1.915.893,00

1.806.627,00

2.417.000,00

2.660.322,00

2.488.388,00

1. Equity investments in group companies:

0,00

2. Receivables from group companies:

0,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Short term securities portfolio:

1.690.893,00

0,00

6. Other receivables:

0,00

7. Shor term guarantees and deposits:

225.000,00

1.806.627,00

2.417.000,00

2.660.322,00

2.488.388,00

8. Provisions:

0,00

V. Short-term treasury shares:

0,00

VI. Cash at bank and in hand:

3.812.504,00

2.857.545,00

2.042.775,00

1.531.456,00

1.081.683,00

VII. Prepayments and accrued income:

0,00

-92.589,00

-50.247,00

-7.404,00

GENERAL TOTAL (A + B + C + D):

12.148.385,00

12.197.378,00

10.957.563,00

10.560.775,00

9.690.734,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2016

2015

2014

2013

2012

A) EQUITY:

9.948.245,00

9.208.422,00

8.839.205,00

8.503.107,00

8.264.220,00

I. Subscribed capital:

180.304,00

II. Share premium:

0,00

III. Revaluation reserves:

0,00

IV. Reserves:

9.086.514,00

8.658.901,00

8.322.804,00

8.083.916,00

7.863.300,00

1. Legal reserve:

36.061,00

2. Reserves for own shares:

0,00

3. Reserves for shares of the controlling company:

0,00

4. Statutory reserves:

0,00

5. Miscellaneous reserves:

9.050.454,00

8.622.840,00

8.286.743,00

8.047.855,00

7.827.240,00

6. Differences due to capital adjustment to euros:

0,00

V. Profit or loss brought forward:

0,00

1. Retained earnings:

0,00

2. Prior year losses:

0,00

3. Partners' contributions so as to compensate losses:

0,00

VI. Profit or loss for the financial year:

681.427,00

369.217,00

336.097,00

238.888,00

220.615,00

VII. Interim dividend paid:

0,00

VIII. Own shares for capital reduction:

0,00

B) Deferred income:

0,00

1. Capital grants:

0,00

2. Unrealised exchange gains:

0,00

3. Other deferred income:

0,00

4. Public revenues to distribute in several financial years:

0,00

C) PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

1. Provisions for pension fund and other similar obligations:

0,00

2. Provisions for taxes:

0,00

3. Other provisions:

0,00

4. Reversion fund:

0,00

D) LONG TERM LIABILITIES:

21.636,00

I. Issued debentures and other marketable securities:

0,00

1. Non-convertible debentures:

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

II. Amounts owed to credit institutions:

0,00

1. Loans and other liabilities:

0,00

2. Long-term liabilities from capital leases:

0,00

III. Debts with companies of the group and affiliated ones:

0,00

1. Amounts owed to group companies:

0,00

2. Amounts owed to associated companies:

0,00

IV. Other creditors:

21.636,00

1. Long-term bills of exchange payable:

0,00

2. Other creditors:

0,00

3. Long term guarantees and deposits received:

21.636,00

4. Long term payables to public bodies:

0,00

V. Unpaid portion of equity investment:

0,00

1. Group companies:

0,00

2. Associated companies:

0,00

3. Third parties:

0,00

VI. Long term trade creditors:

0,00

E) SHORT TERM CREDITORS:

2.178.504,00

2.967.320,00

2.096.721,00

2.036.031,00

1.404.878,00

I. Issued debentures and other marketable securities:

0,00

1. Non-convertible debentures:

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

4. Accrued interest on debentures and other debt securities:

0,00

II. Amounts owed to credit institutions:

0,00

1.261.396,00

741.737,00

687.711,00

565.154,00

1. Loans and other liabilities:

0,00

1.261.396,00

741.737,00

687.711,00

565.154,00

2. Accrued interest on liabilities with credit institutions:

0,00

3. Short-term liabilities from capital leases:

0,00

III. Short-term amounts owed to group and associated companies:

0,00

1. Amounts owed to group companies:

0,00

2. Amounts owed to associated companies:

0,00

IV. Trade creditors:

1.954.975,00

1.549.327,00

1.254.340,00

1.290.596,00

727.220,00

1. Advanced payments from customers:

0,00

2. Amounts owed for purchases of goods or services:

1.954.975,00

1.549.327,00

1.254.340,00

1.290.596,00

727.220,00

3. Debts represented by notes payable:

0,00

V. Other creditors:

223.529,00

156.597,00

100.645,00

57.724,00

112.504,00

1. Public bodies:

174.562,00

106.501,00

100.645,00

57.724,00

112.504,00

2. Bills of exchange payable:

0,00

3. Miscellaneous debts:

0,00

4. Wages and salaries payable:

48.966,00

50.096,00

0,00

5. Guarantees and deposits received at short term:

0,00

VI. Provisions:

0,00

VII. Prepayments and accrued income:

0,00

F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

GENERAL TOTAL (A + B + C + D + E + F):

12.148.385,00

12.197.378,00

10.957.563,00

10.560.775,00

9.690.734,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2016

2015

2014

2013

2012

A) CHARGES (A.1 to A.15):

10.935.056,00

11.036.144,00

10.455.503,00

9.427.696,00

8.764.328,00

A.1. Operating consumption:

9.182.842,00

9.217.798,00

8.661.768,00

7.775.771,00

7.114.808,00

A.2. Staff Costs:

925.690,00

955.207,00

985.676,00

968.014,00

1.002.494,00

a) Wages, salaries et al.:

777.847,00

802.650,00

828.253,00

813.411,00

842.384,00

b) Social security costs:

147.843,00

152.557,00

157.423,00

154.603,00

160.109,00

A.3. Depreciation expense:

40.566,00

43.329,00

49.188,00

49.029,00

49.873,00

A.4. Variation of trade provisions and losses of unrecovered receivables:

0,00

A.5. Other operating charges:

566.639,00

624.415,00

564.070,00

538.242,00

497.845,00

A.I. OPERATING BENEFITS (B.1-A.1-A.2-A.3-A.4-A.5):

584.270,00

346.230,00

462.759,00

241.821,00

235.765,00

A.6. Financial and similar charges:

2.037,00

16.141,00

19.780,00

18.602,00

22.659,00

a) Due to liabilities with companies of the group:

2.037,00

16.141,00

19.780,00

18.602,00

22.659,00

b) Due to liabilities with associated companies:

0,00

c) Due to other debts:

0,00

d) Losses from financial investments:

0,00

A.7. Financial investment provision change:

0,00

A.8. Exchange losses:

0,00

56.869,00

0,00

14.670,00

A.II. POSITIVE FINANCIAL RESULTS (B.2+B.3-A.6-A.7-A.8):

257.480,00

202.240,00

0,00

75.104,00

46.829,00

A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II):

841.750,00

548.471,00

454.248,00

316.926,00

282.594,00

A.9. Changes in provisions for intangible, tangible and securities portfolio:

0,00

A.10. Losses from tangible and intangible fixed assets and portfolio:

0,00

A.11. Losses from transactions with own shares and debentures:

0,00

A.12. Extraordinary expenses:

0,00

60.582,00

4.593,00

2.303,00

A.13. Prior year expenses and losses:

0,00

A.IV. EXTRAORDINARY PROFIT (B.4+B.5+B.6+B.7+B.8-A.9-A.10-A.11-A.12-A.13):

56.958,00

0,00

A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV):

898.708,00

487.889,00

449.656,00

312.333,00

280.291,00

A.14. Corporation Tax:

217.281,00

118.671,00

113.558,00

73.445,00

59.676,00

A.15. Miscellaneous taxes:

0,00

A.VI. FINANCIAL YEAR RESULT (PROFIT) (A.V-A.14-A.15):

681.427,00

369.217,00

336.097,00

238.888,00

220.615,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2016

2015

2014

2013

2012

B) INCOME ( B.1 to B.8):

11.616.483,00

11.405.361,00

10.791.600,00

9.666.584,00

8.984.944,00

B.1. Operating income:

11.300.008,00

11.186.980,00

10.723.461,00

9.572.878,00

8.900.785,00

a) Net total sales:

11.145.439,00

11.020.118,00

10.581.125,00

9.430.537,00

8.742.568,00

b) Miscellaneous operating income:

154.570,00

166.862,00

142.336,00

142.341,00

158.217,00

B.I. PÉRDIDAS DE EXPLOTACIÓN (A.1+A.2+A.3+A.4+A.5-B.1 ):

0,00

B.2. Financial income:

13.168,00

38.047,00

68.139,00

88.799,00

84.158,00

a) Companies of the group:

4.523,00

13.067,00

23.402,00

30.498,00

28.904,00

b) In associated companies:

0,00

c) Miscellaneous:

8.646,00

24.980,00

44.737,00

58.301,00

55.254,00

d) Profit on financial investment:

0,00

B.3. Exchange gains:

246.349,00

180.334,00

0,00

4.908,00

0,00

B.II. NEGATIVE FINANCIAL RESULTS (A.6+A.7+A.8-B.2-B.3):

0,00

8.511,00

0,00

B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II - A.I - A.II ):

0,00

B.4. Profit on disposal of both tangible and intangible fixed assets and securities portfolio:

0,00

B.5. Profit on transactions with own shares and debentures:

0,00

B.6. Capital grants transferred to profit and loss:

0,00

B.7. Extraordinary income:

56.958,00

0,00

B.8. Income and profit of former financial years:

0,00

B.IV. NEGATIVE EXTRAORDINARY RESULTS (A.9+A.10+A.11+A.12+A.13-B.4-B.5-B.6-B.7-B.8):

0,00

60.582,00

4.593,00

2.303,00

B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV):

0,00

B.VI. FINANCIAL YEAR RESULTS (LOSSES) (B.V+A.14+A.15):

0,00

MERCANTILE REGISTRY.

CASHFLOW STATEMENT

Model: Normal

> Source of information: Data contained in this section is taken from the information declared in the Annual Accounts submitted to the Trade Register.

Net Rights Granted

2016

2015

2014

2013

2012

1. Fiscal year result before taxes.: 61100

898.708,00

487.889,00

449.656,00

312.333,00

220.615,00

2. Results adjustments.: 61200

78.108,00

-142.246,00

120.662,00

12,00

-35.352,00

a) Fixed Assets Amortization (+).: 61201

40.566,00

43.329,00

49.188,00

49.029,00

49.873,00

b) Obsolescence Allowances (+/-). : 61202

37.541,00

16.665,00

11.191,00

16.272,00

-13.649,00

g) Financial income (-).: 61207

-13.168,00

-38.047,00

-68.139,00

-88.799,00

-84.158,00

h) Financial Expenses (+). : 61208

2.037,00

16.141,00

19.780,00

18.602,00

22.659,00

i) Exchange differences (+/-). : 61209

0,00

-180.334,00

56.869,00

4.908,00

-14.670,00

3. Changes in current capital equity.: 61300

115.499,00

-474.329,00

-307.107,00

102.476,00

88.950,00

a) Stock (+/-).: 61301

511.316,00

-346.758,00

60.780,00

42.792,00

340.149,00

d) Debtors and other accounts receivable (+/-). : 61302

-779.693,00

-503.328,00

-316.630,00

-450.336,00

70.333,00

c) Other current assets (+/-). : 61303

0,00

42.342,00

42.843,00

-92.429,00

d) Creditors and other accounts payable (+/-). : 61304

383.876,00

375.757,00

-93.600,00

467.178,00

-229.103,00

4. Cash Flows from Other Operating Activities: 61400

217.281,00

-24.200,00

-68.985,00

70.197,00

48.965,00

a) Interest payments (-). : 61401

0,00

-16.141,00

-18.602,00

-22.659,00

c) Interest collection (+). : 61403

0,00

38.047,00

19.780,00

88.799,00

84.158,00

d) Income tax payment collection (payments) (+/-).: 61404

217.281,00

-46.106,00

-70.163,00

0,00

-12.534,00

5. Cash Flows from Operating Activities (1 + 2 + 3 + 4) : 61500

1.309.596,00

-152.886,00

194.225,00

485.018,00

323.177,00

6. Payments for investment (-).: 62100

-45.972,00

-12.376,00

-12.255,00

-10.866,00

-21.770,00

a) Companies of the group and affiliates. : 62101

0,00

-4.687,00

0,00

c) Fixed assets. : 62103

-87.028,00

-7.689,00

-2.750,00

-1.235,00

-11.838,00

d) Real estate investment. : 62104

2.150,00

0,00

e) Other financial assets. : 62105

38.906,00

0,00

-9.504,00

-9.631,00

-9.932,00

7. Divestment payment collection (+). : 62200

0,00

275.322,00

-146.934,00

-53.128,00

e) Other financial assets. : 62205

0,00

275.322,00

0,00

-53.128,00

h) Other assets. : 62208

0,00

-146.934,00

0,00

8. Cash Flow from Investing Activities (6+7) less Amortization: 62300

-86.539,00

-55.705,00

213.880,00

-206.830,00

-124.770,00

9. Payment collection and payments for equity instruments. : 63100

427.613,00

0,00

122.556,00

0,00

a) Issuance of equity instruments (+). : 63101

427.613,00

0,00

122.556,00

0,00

10. Payment collection and payments for financial liabilities instruments.: 63200

-1.261.396,00

980.032,00

54.026,00

0,00

-212.554,00

a) Issuance : 63201

0,00

519.659,00

54.026,00

0,00

2. Debts incurred with credit institutions (+). : 63203

0,00

519.659,00

54.026,00

0,00

b) Repayment and amortization of : 63207

-1.261.396,00

460.373,00

0,00

-212.554,00

2. Debts incurred with credit institutions (-).: 63209

-1.261.396,00

460.373,00

0,00

-212.554,00

11. Payments from dividends and remunerations from other assets instruments. : 63300

0,00

12. Cash Flows from Financing Activities (9+10+11): 63400

-833.782,00

980.032,00

54.026,00

122.556,00

-212.554,00

D) EFFECT OF EXCHANGE RATE CHANGES: 64000

0,00

E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) : 65000

429.842,00

814.770,00

511.318,00

449.773,00

35.726,00

Cash or equivalent assets as of beginning of the fiscal year.: 65100

2.857.545,00

2.042.775,00

1.531.456,00

1.081.683,00

1.045.957,00

Cash or equivalent assets as of end of the fiscal year.: 65200

3.812.504,00

2.857.545,00

2.042.775,00

1.531.456,00

1.081.683,00

FINANCIAL DIAGNOSIS

> Economic-Financial Comparative Analysis

Data used in the following ratios and indicators is taken from the Annual Accounts submitted by the company to the TRADE REGISTER.

> Comparison within the Sector

Cash Flow

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Cash Flow over Sales:

0,09 %

-0,02 %

0,07 %

-0,01 %

15,89 %

-78,80 %

Net Financial Debt:

-9,13

1,54

-8,68

1,72

-5,23

-10,32

Cash Flow Yield:

0,08 %

-0,02 %

0,07 %

-0,01 %

17,68 %

-89,17 %

EBITDA over Sales:

5,61 %

8,56 %

3,53 %

8,69 %

58,59 %

-1,55 %

Profitability

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

6,00 %

7,66 %

3,55 %

7,89 %

68,93 %

-2,98 %

Total economic profitability:

7,41 %

6,72 %

4,13 %

6,44 %

79,43 %

4,34 %

Financial profitability:

6,85 %

9,68 %

4,01 %

9,07 %

70,83 %

6,66 %

Margin:

5,17 %

6,15 %

3,09 %

6,27 %

67,06 %

-2,04 %

Mark-up:

7,45 %

5,92 %

4,90 %

5,44 %

51,94 %

8,89 %

Solvency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

1,75

0,29

0,96

0,25

81,73

14,21

Acid Test:

4,19

1,17

2,87

1,15

45,71

1,58

Working Capital / Investment:

0,73

0,20

0,66

0,18

10,98

13,74

Solvency:

5,06

1,68

3,70

1,65

36,89

1,88

Indebtedness

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

0,22

1,02

0,32

1,15

-31,86

-11,60

Borrowing Composition:

0,01

0,59

0,01

0,80

36,20

-26,13

Repayment Ability:

3,52

6,17

7,67

6,81

-54,11

-9,39

Warranty:

5,52

1,98

4,08

1,87

35,31

5,96

Generated resources / Total creditors:

0,33

0,14

0,12

137,75

15,82

Efficiency

2016

2015

Variación 2016 - 2015

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,67

1,49

1,41

1,52

18,98

-2,11

Turnover of Collection Rights :

3,33

4,73

2,90

4,78

15,01

-1,03

Turnover of Payment Entitlements:

4,48

3,99

5,75

4,05

-22,18

-1,61

Stock rotation:

5,60

6,25

4,42

6,56

26,71

-4,78

Assets turnover:

1,16

1,25

1,15

1,26

1,12

-0,96

Borrowing Cost:

0,09

1,68

0,54

2,38

-82,86

-29,31

> Trend of indicators under the General Accounting Plan of 2007 (2016, 2015, 2014, 2013, 2012)

Cash Flow

2016

2015

2014

2013

2012

Cash Flow over Sales:

0,09 %

0,07 %

0,05 %

0,00 %

Net Financial Debt:

-9,13

-8,68

-7,22

-11,97

-10,44

Cash Flow Yield:

0,08 %

0,07 %

0,05 %

0,04 %

0,00 %

EBITDA over Sales:

5,61 %

3,53 %

4,84 %

3,08 %

3,27 %

Profitability

2016

2015

2014

2013

2012

Operating economic profitability:

6,00 %

3,55 %

5,75 %

3,28 %

3,54 %

Total economic profitability:

7,41 %

4,13 %

4,28 %

3,13 %

Financial profitability:

6,85 %

4,01 %

3,80 %

2,81 %

2,67 %

Margin:

5,17 %

3,09 %

4,32 %

2,53 %

2,65 %

Mark-up:

7,45 %

4,90 %

4,24 %

3,31 %

3,17 %

Solvency

2016

2015

2014

2013

2012

Liquidity:

1,75

0,96

0,97

0,75

0,77

Acid Test:

4,19

2,87

3,74

3,57

4,45

Working Capital / Investment:

0,73

0,66

0,71

0,70

0,73

Solvency:

5,06

3,70

4,70

4,61

6,02

Indebtedness

2016

2015

2014

2013

2012

Indebtedness level:

0,22

0,32

0,24

0,17

Borrowing Composition:

0,01

0,02

Repayment Ability:

3,52

7,67

4,14

7,07

4,99

Warranty:

5,52

4,08

5,17

5,13

6,79

Generated resources / Total creditors:

0,33

0,14

0,18

0,14

0,19

Efficiency

2016

2015

2014

2013

2012

Productivity:

1,67

1,41

1,52

1,30

1,28

Turnover of Collection Rights :

3,33

2,90

3,17

3,12

3,32

Turnover of Payment Entitlements:

4,48

5,75

6,81

6,17

9,11

Stock rotation:

5,60

4,42

4,87

4,30

3,92

Assets turnover:

1,16

1,15

1,33

1,30

1,33

Borrowing Cost:

0,09

0,54

0,93

0,90

1,59

COMPARATIVE SECTORIAL BALANCE

Sector-based Comparison under the rules of the New General Accounting Plan.

Net Rights Granted

Variación -

Empresa

Sector

Net Rights Granted

Variación -

Empresa

Sector

Net Rights Granted

Variación -

Empresa

Sector

News

Public Tenders and Works Won

No Public Tenders assigned to the name of the company.

Research Summary

Medium-sized, family business engaged in the wholesale trade of textiles. It has been operating for several years without any remarkable incidence.

Sources

Registry of Commerce's Official Gazette. Own and external data bases Company References

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.48
UK Pound	1	INR 86.41
Euro	1	INR 76.54
Euro	1	INR 76.33

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

EXECUTIVE SUMMARY

Enquiry Details

Identification

Activity

Chronological Summary

Breakdown of Owners' Equity

Shareholders

Active Social Bodies

Historical Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

Chronological summary

Basis for scoring

Probability of default

LEGAL CLAIMS

Link List

Turnover

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

News

Public Tenders and Works Won

Research Summary

Sources

Unit